Diversified Trust Co Boosts Stock Position in Citizens Financial Group, Inc. $CFG

Diversified Trust Co raised its holdings in Citizens Financial Group, Inc. (NYSE:CFG) by 181.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,293 shares of the bank’s stock after buying an additional 20,158 shares during the period. Diversified Trust Co’s holdings in Citizens Financial Group were worth $1,877,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Capital World Investors boosted its position in shares of Citizens Financial Group by 1.7% during the 3rd quarter. Capital World Investors now owns 37,289,711 shares of the bank’s stock worth $1,982,532,000 after acquiring an additional 614,181 shares in the last quarter. Invesco Ltd. raised its position in shares of Citizens Financial Group by 1.7% during the 3rd quarter. Invesco Ltd. now owns 24,064,513 shares of the bank’s stock worth $1,279,270,000 after acquiring an additional 393,158 shares in the last quarter. Geode Capital Management LLC lifted its stake in Citizens Financial Group by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 11,361,142 shares of the bank’s stock worth $661,052,000 after purchasing an additional 32,264 shares during the last quarter. Morgan Stanley boosted its holdings in Citizens Financial Group by 2.7% in the fourth quarter. Morgan Stanley now owns 11,217,975 shares of the bank’s stock valued at $655,242,000 after purchasing an additional 298,779 shares in the last quarter. Finally, Capital International Investors boosted its holdings in Citizens Financial Group by 32.3% in the fourth quarter. Capital International Investors now owns 8,000,750 shares of the bank’s stock valued at $467,389,000 after purchasing an additional 1,953,372 shares in the last quarter. 94.90% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Citizens Financial Group

In other news, insider Michelle Moosally sold 6,050 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $62.16, for a total transaction of $376,068.00. Following the completion of the sale, the insider owned 22,565 shares in the company, valued at approximately $1,402,640.40. This represents a 21.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.67% of the company’s stock.

Citizens Financial Group Price Performance

Shares of NYSE CFG opened at $67.97 on Tuesday. The stock has a market cap of $28.74 billion, a P/E ratio of 16.07, a P/E/G ratio of 0.53 and a beta of 0.68. Citizens Financial Group, Inc. has a twelve month low of $41.38 and a twelve month high of $68.79. The stock has a 50 day moving average of $64.13 and a two-hundred day moving average of $61.93. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.51.

Citizens Financial Group (NYSE:CFG) last released its quarterly earnings results on Thursday, April 16th. The bank reported $1.13 EPS for the quarter, beating the consensus estimate of $1.10 by $0.03. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $2.16 billion. Citizens Financial Group had a net margin of 16.21% and a return on equity of 8.31%. Citizens Financial Group’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS. On average, research analysts forecast that Citizens Financial Group, Inc. will post 5.2 earnings per share for the current year.

Citizens Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Thursday, April 30th were paid a $0.46 dividend. The ex-dividend date was Thursday, April 30th. This represents a $1.84 dividend on an annualized basis and a yield of 2.7%. Citizens Financial Group’s payout ratio is currently 43.50%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Evercore reissued an “outperform” rating and set a $75.00 price objective on shares of Citizens Financial Group in a report on Tuesday, April 21st. Keefe, Bruyette & Woods increased their target price on shares of Citizens Financial Group from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. DA Davidson lifted their price target on shares of Citizens Financial Group from $73.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Stephens started coverage on shares of Citizens Financial Group in a research report on Monday, June 15th. They issued an “equal weight” rating for the company. Finally, Weiss Ratings raised shares of Citizens Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. Eighteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.88.

About Citizens Financial Group

Citizens Financial Group, Inc (NYSE: CFG) is a bank holding company that provides a broad range of banking and financial services to individuals, small and middle-market businesses, corporations and institutional clients. Headquartered in Providence, Rhode Island, Citizens conducts its banking operations principally through its primary banking subsidiary, Citizens Bank, and serves customers through a combination of branch locations, ATMs and digital channels. The company is publicly traded and operates under the regulatory framework applicable to U.S.